What is LoopringCoin (LRC)?
Loopring (LRC), launched in 2017, is a decentralized exchange (DEX) protocol on the Ethereum blockchain. It utilizes zkRollups, a type of off-chain aggregation of transactions, to enhance scalability and reduce costs. LRC is the native token of the Loopring ecosystem, used for governance and incentivizing users.
The protocol aims to combine the security and transparency of blockchain with the speed and scalability necessary for high-volume trading. Loopring stands out for its commitment to decentralized trading solutions that do not compromise on performance, offering a viable alternative to centralized exchanges. Its technology represents a significant advancement in the DEX field, contributing to the evolution of decentralized trading infrastructure.
The protocol aims to combine the security and transparency of blockchain with the speed and scalability necessary for high-volume trading. Loopring stands out for its commitment to decentralized trading solutions that do not compromise on performance, offering a viable alternative to centralized exchanges. Its technology represents a significant advancement in the DEX field, contributing to the evolution of decentralized trading infrastructure.
Why choose Rabbit Wallet for LoopringCoin?
Whether you're a total crypto newbie or a seasoned pro, Rabbit Wallet's got your back for
handling your LRC with ease. Check out some cool features that make Rabbit stand out:
Exchange LoopringCoin (LRC)
With the Rabbit's built-in coin swap feature, you can exchange your LoopringCoin for
any other coin at the best rates without ever leaving the cozy confines of your
wallet.
Self-Custodial
With a self-custodial wallet, you control the keys to your LoopringCoin, meaning that
nobody, not even Rabbit, can ever access your coins. This also leads to faster
transactions with no third-party fees except for miners and increased flexibility.
Optimal Fees
The unique fee calculation algorithms provide you with various options when
available, allowing you to choose the most optimal one to ensure your transaction is
confirmed both swiftly and cost-effectively.
User-Friendly
We've worked hard to make Rabbit Wallet user-friendly for everyone. Packed with
features, it suits users at all levels, and our developers respond directly when
help is needed.
How to use Rabbit Wallet?
Creating a new wallet takes just a few clicks, and requires no information from you.
Here is a short brief on how you can create your new wallet:
Here is a short brief on how you can create your new wallet:
Save your phrase
You will be given a phrase, which will act as a primary key to your wallet. Save it
securely.
Set your password
Password is required to both open your wallet, and to perform any transactions.
You are in!
Now you are all set to explore the crypto world! Welcome to freedom!
Friendly tip: Having your passphrase on a sticky note under a keyboard might not be the best way to
store it.